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View All NewsJapan – Technology division business boosts Outsourcing Inc’s results
Japanese staffing firm Outsourcing Inc., (2427: JP) reported revenue for the first quarter ending 31 march 2015 of JPY 17.7 billion (USD 148.7 million), an increase of 28.3% compared with JPY 13.8 billion (USD 115.9 million) a year ago.
| Q1 2015 | Q1 2014 | Change | |
| Revenue | JPY 17,694.8 million | JPY 13,788.3 million | +28.3% |
| USD 148.7 million | USD 115.9 million | ||
| Gross Profit | JPY 3,362.5 million | JPY 2,646.6 million | +27.0% |
| USD 28.3 million | USD 22.2 million | ||
| Net Income | JPY 205.1 million | JPY 193.5 million | +6.0% |
| USD 1.7 million | USD 1.6 million |
The company’s strong results stem from the acquisition of a majority stake in Indian recruitment firm Alp Consulting in February 2014. Outsourcing is believed to have paid USD 5 million for a 51% stake in the company.
The company, together with its subsidiaries, provides outsourcing services for Manufacturing, Technology, and Management Systems in Japan. The company also offers recruitment services. Revenue by business segment in Q1 2015 was as follows:
| Q1 2015 | Q1 2014 | Change | |
| Manufacturing | JPY 7,192.0 million | JPY 6,101.6 million | +17.9% |
| USD 60.5 million | USD 51.3 million | ||
| Technology | JPY 7,228.5 million | JPY 5,116.8 million | +41.3% |
| USD 60.8 million | USD 43.0 million | ||
| Management System | JPY 137.3 million | JPY 147.4 million | -6.8% |
| USD 1.2 million | USD 1.2 million | ||
| Recruitment | JPY 178.0 million | JPY 162.7 million | +9.4% |
| USD 1.5 million | USD 1.4 million | ||
| Foreign Operations | JPY 3,293.0 million | JPY 2,518.2 million | +30.8% |
| USD 27.7 million | USD 21.2 million |
In trading today, the company’s share price closed up 0.9% at JPY 1,635 (USD 13.74), an increase of 30.9% compared with a year ago. Based on its current share price, the company has a market value of JPY 26.1 billion (USD 219.7 million).